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NYS Division of Housing and Community Renewal The New York State Division of Housing and Community Renewal (DHCR) announces the availability of a tax credit under the Low-Income Housing Credit Program (Credit) which is authorized under Section 42 of the Internal Revenue Code. The Credit amount is based upon the actual cost of acquisition, rehabilitation and/or construction of rental properties for low-income households. ELIGIBILITY: Persons or firms that construct and/or rehabilitate rental housing that is reserved for low-income households may apply.FUNDING: The maximum annual credit dollar amount that may be requested is $1.8 million per project. DEADLINE: 5:00 p.m. March 25, 2002. FOR MORE INFORMATION: Contact your nearest Regional Office listed below. Regional Offices: Capital District Regional Office, Frank McKay, Regional Director, Flanigan Square, Suite 1000, 547 River Street, Troy, NY 12180; telephone (518) 402-7377. Buffalo Regional Office, Thomas Van Nortwick, Regional Director, Statler Towers, 107 Delaware Avenue, Suite 600, Buffalo, NY 14202; telephone (716) 842-2244. New York City Regional Office, Deborah Boatright, Regional Director, 25 Beaver Street, 7th Floor, New York, NY 10004; telephone (212) 480-7644. Syracuse Regional Office, Frank McKay, Regional Director, 800 South Wilbur Avenue, Syracuse, NY 13204; mailing address: P.O. Box 1127, Syracuse, NY 13201; telephone (315) 473-6930.
NYS Housing Trust Fund Corporation RESTORE funds may be used to pay for the cost of emergency repairs to eliminate hazardous conditions in homes owned by the elderly when the homeowners cannot afford to make the repairs in a timely fashion. To be eligible for assistance, homeowners must be 60 years of age or older with an income that does not exceed 80 percent of the area median income. Work undertaken cannot exceed $5,000 per building. Funds must be used for low-income elderly owner-occupied households in one- to four- unit owner occupied dwellings. The program permits not-for-profit corporations to use up to 7.5 percent of the award to cover administrative costs. Municipalities can use up to 5 percent for administrative costs. ELIGIBILITY: Not-for-profit corporations and municipalities are eligible.FUNDING: $400,000 is available statewide. DEADLINE: 5:00 p.m. February 11, 2002. FOR MORE INFORMATION:Contact your nearest Regional Office listed below. Regional Offices: Capital District Regional Office, Frank McKay, Regional Director, Flanigan Square, Suite 1000, 547 River Street, Troy, NY 12180; telephone (518) 402-7377. Buffalo Regional Office, Thomas Van Nortwick, Regional Director, Statler Towers, 107 Delaware Avenue, Suite 600, Buffalo, NY 14202; telephone (716) 842-2244. New York City Regional Office, Deborah Boatright, Regional Director, 25 Beaver Street, 7th Floor, New York, NY 10004; telephone (212) 480-7644. Syracuse Regional Office, Frank McKay, Regional Director, 800 South Wilbur Avenue, Syracuse, NY 13204; mailing address: P.O. Box 1127, Syracuse, NY 13201; telephone (315) 473-6930. NYS Housing Trust Fund Corporation The HOME Program funds a variety of activities through partnerships with counties, towns, cities, villages, private developers, and community-based non-profit housing organizations. The program provides funds to acquire, rehabilitate, or construct housing, or to provide assistance to low-income home-buyers and renters. HOME Program funds may only be used to assist households with incomes at or below 80 percent of area median income. Rental projects must primarily serve households with income at or below 60 percent of area median income. Assisted rental units must remain affordable for a period of between five and 20 years, depending on the initial amount of subsidy provided for the project. HOME Program funds may be used to pay for acquisition, rehabilitation, construction, and certain related soft costs. Funds may also be used for relocation costs, tenant-based rental assistance, down-payment and closing costs, and some administration and planning costs. Funds may only be used with respect to residential housing. ELIGIBILITY: Any private for-profit or not-for-profit entity that can demonstrate the capacity to develop and operate a qualifying project is eligible to apply. Units of general local government that have not been designated by HUD as participating jurisdictions and not-for-profit corporations that meet certain administrative tests may also apply as local program administrators. Jurisdictions that receive HOME Program funding directly from the federal government may not apply for New York State HOME Program funds.FUNDING: Approximately $32 million. Seed money loans of up to $45,000 per project are also available and may be requested at any time. DEADLINE: Applications for locally administered programs must be received by 5:00 p.m. February 11, 2002 and site-specific project funding must be received by 5:00 p.m. March 25, 2002. FOR MORE INFORMATION: Contact your nearest Regional Office listed below. Regional Offices: Capital District Regional Office, Frank McKay, Regional Director, Flanigan Square, Suite 1000, 547 River Street, Troy, NY 12180; telephone (518) 402-7377. Buffalo Regional Office, Thomas Van Nortwick, Regional Director, Statler Towers, 107 Delaware Avenue, Suite 600, Buffalo, NY 14202; telephone (716) 842-2244. New York City Regional Office, Deborah Boatwright, Regional Director, 25 Beaver Street, 7th Floor, New York, NY 10004; telephone (212) 480-7644. Syracuse Regional Office, Frank McKay, Regional Director, 800 South Wilbur Avenue, Syracuse, NY 13204; mailing address: P.O. Box 1127, Syracuse, NY 13201; telephone (315) 473-6930. |
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Low-Income Housing Trust Fund Program (HTF) NYS Housing Trust Fund Corporation The Low-Income Housing Trust Fund Program (HTF) was established to help meet the critical need for decent, affordable housing for people of low-income. Specifically, HTF provides funding to construct low-income housing, to rehabilitate vacant or under-utilized residential property, or to convert vacant non-residential property to residential use for occupancy by low-income homesteaders, tenants, tenant-cooperators or condominium owners. HTF can also provide seed money to eligible non-profit applicants who need financial assistance in developing a full HTF application. ELIGIBILITY: Applicants must be not-for-profit corporations or charitable organizations or their wholly-owned subsidiaries; housing development fund companies; municipalities; counties; housing authorities; private developers who limit their profits or rate of return of investors; or partnerships in which the non-profit partner has at least a 50 percent controlling interest. Low-income persons may not be direct recipients of payments, grants or loans from the corporation, but may receive such funds from another eligible applicant. Non-profits, charitable organizations, and housing development fund companies must have been in existence for at least one year prior to application and have as one of their primary purposes the improvement or provision of housing for low-income persons.FUNDING: Approximately $29 million. Seed money loans of up to $45,000 per project are available and may be requested at any time. DEADLINE: 5:00 p.m. March 25, 2002. FOR MORE INFORMATION: Contact your nearest Regional Office listed below. Regional Offices: Capital District Regional Office, Frank McKay, Regional Director, Flanigan Square, Suite 1000, 547 River Street, Troy, NY 12180; telephone (518) 402-7377. Buffalo Regional Office, Thomas Van Nortwick, Regional Director, Statler Towers, 107 Delaware Avenue, Suite 600, Buffalo, NY 14202; telephone (716) 842-2244. New York City Regional Office, Deborah Boatright, Regional Director, 25 Beaver Street, 7th Floor, New York, NY 10004; telephone (212) 480-7644. Syracuse Regional Office, Frank McKay, Regional Director, 800 South Wilbur Avenue, Syracuse, NY 13204; mailing address: P.O. Box 1127, Syracuse, NY 13201; telephone (315) 473-6930. |
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...Private Grants and Low-Interest Loans for Downtown Manhattan Small Businesses Alliance for Downtown New York, Seedco & Asian Americans for EqualityAlliance for Downtown New York, Seedco, and Asian Americans for Equality have introduced a program for disbursing grants to assist small business owners. Three kinds of services are available: 1) grants and loans for working capital or to bridge the gap before receipt of funding from other services; 2) employment retention/wage subsidies to continue to meet payroll and keep workers working ( up to 50 percent of employee wages may be subsidized) and 3) business support services. ELIGIBILITY: Eligible businesses are retailers or manufacturers who are located in lower Manhattan (on or below Canal); have 50 or fewer employees; and can demonstrate that they were adversely impacted by the September 11, 2001 attack. Businesses requesting financial assistance must be able to show financial viability prior to September 11, 2001 and financial viability and the ability to sustain renewed business operations.FUNDING: Grants up to $25,000 and subsidies and loans of up to $100,000 are available. The loans have interest rates between one percent and three percent. FOR MORE INFORMATION: Call Alliance for Downtown at (212) 835-2771 or SeedCo at (212) 473-0255. |
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...Grant Writing Binghamton & New York City The Grantsmanship Center is offering grantwriting classes in New York: January 28 - February 1, hosted by Cornell Cooperative Extension in Binghamton and January 28-February 1, hosted by Cicatelli Associates in New York City. The five-day program is kept to a maximum of 26 participants and costs $675 per person. FOR MORE INFORMATION: For Binghamton, call Vicki Giarratano at (607) 772-8956 x140. For New York City, call Banghee Chi at (212) 594-7741. Or contact The Grantsmanship Center at (800) 421-9512.Syracuse University is offering an "Introduction to Grant Writing" class March 22, 2002, from 9 a.m. to 4 p.m. The class is geared toward persons working in research, education and community-based organizations. The cost is $159. The university is also offering a six-session, online grant writing workshop February 25 – April 5, 2002. The cost is $189. FOR MORE INFORMATION: To register, contact Peg at (315) 443-3271. |
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